#FedHikesBackOnTheTable
About FedHikesBackOnTheTable
Warsh was sworn in as the 17th Fed Chair on May 22, pledging a "reform-oriented Fed" that limits forward guidance and bars officials from speaking outside their mandate. Same day, Waller flipped hawkish, saying cuts "should no longer be the default plan." Michigan's final May sentiment hit a record low; 1Y inflation expectations revised up from 4.5% to 4.8%. Futures now price a 25bps hike by year-end, earliest October. The 30Y yield hit its highest since 2007. Gold and BTC pulled back.
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